How many types of fixed assets

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Sweete

  • Jun 20th, 2008
 

There are two types of fixed assets tangible and intangible assets.

Tangible assets:  A physical asset whose presence can be felt and touched.
Ex. Furniture and Fixtures, Plant and Machinery

Intangible Assets:  Assets whose presence cannot be felt or touched.
Ex:  Goodwill, patents, trademarks.

Sweete

Niman

  • Jun 27th, 2008
 

There are current assets and fixed assets and both of them are part of the left side of Balace sheet(active).

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hellomanishsharma

  • Jun 9th, 2010
 

There are 2 types of Fixed Assets:

Tangible fixed assets:  Tangible assets are those that have a physical substance and can be touched, such as Land, Building, furniture & Fixture, Plant & Equipments etc

Intangible fixed assets: Intangible fixed assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset.

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